St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-01
RUN OF REAL ESTATE
Biggest Week of the Year Finds Dealers
in Happy and Hopeful
Moods.
The Decided Boom Towards Fridley Con-
tinues and the Best is
to Come.
Another Big Plant TO Go in There
Factories and Shops
In Sight.
Architects Are Doing
General Gossip.

The real estate men have rolled up sales in
way that sets the soul of the doubIer at
rest. During the first Eve days of last week
the value of the transfers amounted 10 the
grand total of over $780,, 000 and yesterday S
transactions rounded out the heaviest week S
work of the year. While the demand for
acres continues active, there have been several
good deals in inside property. Loren Fletcher
bought l00Nll5 feet ut the corner of Lyndale
aud Sixth avenue north, for $4,000. Jacob
Barge bought the :. Fl. Baker property on
Oak Grove street for $4,000 A dozen other
sales OF inside property in which The consld-
Grafton was over $4,000, are reported.
The success of Fridley is assured peradven-
ture. In no part of Minneapolis, for Fridley
will always be regarded rs part of Mime
apolis, is there such IN active demand, based
on such excellent prospects, as at Fridiey.
Beach, White y Veazey report the sale
of twenty-seven lots in Fridley Park al
$500 each. Now that the northeast
motor is secured the availability OF Fridey
property, and the low prices ruling, will send
many home-buIders there. The early rumors
OF Fridley's manufactures are being material
lied. \ plOw factory now located ut Wadena
Will soon build on n much larger scale al
Frdley. \ large wagon factory in New York,
finding it necessary 10 be closer to its retail
trade has determined 10 locate ut Fridley,
certain large plant TO go in next week, Of
which the GLOBE will give full particulars
soon.
-
among the many phenomenal develop
mentS which this city has witnessed this
spring." said n prominent investor yesterday,
There is none that so well displays the enter
prise ard Judgment of Minneapolis men us
the activity in northeast property. The
Fridley syndicate laid its plans with con-
summate care, and without any newspaper
blowing At all, il has secured the location of
manufacturing concerns which assure the
prosperity Of their town. Four months ago
farmers in the vicinity of Fridley would gladly
have taken SD per acre for their lands. To-
day the same lands are in demand at prices
ranging from $500 to S4O0 per acre. l tell
you the thing is wonderful"
~
Nothing new has developed in the stock
yard business, but Il conviction that the stock
yards and their attendant factories will be
built has grown quietly and steadily during
the week, and the men who have
secured property in that direction
let it so. A little more time may elapse
before active operations are begun than was
at first supposed. and holders of options will
have TO invest more cash TO swing their deals
than they expected, but the cash is cheerfully
Forthcoming. and the ultimate success of the
scheme is now gladly believed by every one
who has the interest of the city at heart.
~
Comparatively little has been heard of
Crystal Lake and Shngle Creek lands this
week-not because of any fail in values in
that direction, but probably owing TO the fact
that almost every thing available has been
bought up by investors. Prices in that
direction are firm with an upward tendency.
-
n,,t nd
festive real estate man is on deck, active and
happy. The air is filed with rumors of great
smelling works, factories rs infinite in variety
as in number. and schemes OF all kinds. Syn
dicateS are acquiring all available land within
sight of Hopkins, and if the present summer
does rot see cloud of smoke from the Chin
neys of busy factories lying over that FORUM
ate suburb, il will be because all signs have
failed. Iifare is Il growing demand for acres
out as far asSMinnetonka Mills, and it is said
that all the ladies living between the city
limits and Lake Minnetonka are counting on
nothing less than silk dresses and stone man
sions us the result of the spring rise in real
estate.
Washburnk park and property in that
vicinity has already shown goodly signs of
what may be expected when the motor
reaches Fiftieth street. Now that the coun-
Gil has authorized the motor extension, the
street car company has expressed their inten-
tiOn 10 push the road TO an early completion
Property owners have raised almost the ell
tire $4,000 bonus, which the company is TO
receive, and the motor extension region is
assured of Il prosperous season.
The architects, while not especially rushed,
all seem 10 be reasonably busy. A very large
humber of small residences, ranging in value
from $1,000 10 $4,000, are being built, proving
conclusively that the present activity in real
estate is not by any means purely specua-
tive. Ort Bros. are making plans for q
$500 residence for William Doyle, which
will be built on the corner of Three and-a-
half avenue south and Fourteenth street
Also three-story ejghty-eight foot front
stone building for DR.. BlatZ, to be built on
Second avenue south, between Fourth and
Fifth streets, ut Il cost of 10000, II. w.
Jones is making plans for residences to be
erected in Washburn park by Messrs. o. H.
Freeman, H. X. Pratt, Fl. II. Miller and H.
W. Jones ut cost of from $4,000 10 &C. 900.
!. w, Kelly has plans drawn Tor a $40, 900
pressed brick and brown stone residence for
Wesley Neill, corner of Second avenue south
and Nineteenth street Kimball is max
ing plans for family burial
vault for Anthony Kelly to cost $4,000.
e. w. Fisk is making plans for a tour-story,
store building, to be built by Tarnsted u
Moore on Third avenue south, between
Fourth and Fifth streets; also for $4,000
residence for Mr. Flanagan, corner Fifth
avenue north and Bryant avenue. Jepson
Brothers have finished lin elegant set of
drawings for tive-story Office building, which
Will be built on Washington avenue south,
adjoining the ST. James hotel, by James Nc
Kenncy, Jr. The facade is of red Terra Gotta
and pressed brick, and will be decided orna-
ment TO the city. Haley s. son are planning
a sixty-slX foot, three-story business block
for Winneeke & Doerr, which will be built On
Mic oliet avenue near Thirteenth street, at q
cost OF $4,000, aud forty-four foot three
story block for Baldwin Brown.
PARK COMnISSIONER